Robert bought a bike for PLN 1000, which he does not use. A similar new bike currently costs PLN 1700, but when selling the old one, you can only get it for PLN 800. What is the alternative cost of owning a bike? a.900 PLN b.800 PLN c.700 PLN d.1000 PLN
Q: Consider an economy which is in general equilibrium. Ann and Bob are (the only) two consumers in an…
A: The marginal rate of substitution is the amount of one good that an individual is willing to give up…
Q: What refers to the interest rate at which the present worth of net cash flow of an investment equals…
A: The rate of return at which the sum of all present values of all the cash flows becomes zero is…
Q: Q-II: What is the rationale of the Millennium Development Goals (MDGs)? Please explain wherever…
A: The United Nations Millennium Development Goals (MDGs) are indeed a series of eight goals set upon…
Q: If 2019 is the base year, what is the growth in real GDP from 2020 to 2021?
A: Real GDP is the GDP value which is adjusted to inflation. It is calculated on the basis of a…
Q: Short Answer) A new office building is expected to produce the initial net operating income (NOI) of…
A: The ability for investors to compare values over time makes present value crucial.iGiven a certain…
Q: Sergei splits his consumption between baseball bats and cameras. The price of baseball bats rises.…
A: The budget constraint framework indicates that when income or price changes, a range of replies is…
Q: Consider a Stackelberg duopoly in which firm 1 sets q₁₁ , firm 2 observes q, and then chooses q 1 2°…
A: The market is a location where the transaction of services and commodities takes place. It is…
Q: g) The net gain to society created by this market is $__________.
A: The "social surplus" is the sum of consumer and producer surpluses. The total surplus is more than…
Q: 3. In which country would you save if the nominal interest rate equals 4% in the U.S. and 1% in…
A: In economics a conversion scale is the rate at which one cash will be traded for another money.
Q: Which of the following is not considered a tax-free reorganization? A. Type A transactions B.…
A: A reorganization is a large and disruptive overhaul of a failing company intended to return it to…
Q: In what ways can each of the business cycle stages affect consumers’ reactions to marketing…
A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…
Q: A fall in the price level will O reduce the demand for money and interest rate. O reduce the demand…
A: The aggregate sum of cash requested in an economy is consequently the aggregate sum of cash…
Q: A provision included in group disability income contracts but NOT included in an individual…
A: A policy that provides income to those who are unable to work due to a condition is known as…
Q: Price and Cost (dollars) w 60 65 + N A 10 20 a. $5.00. b. $4.00 c. $2.00. 30 d. $6.00 MC 40 50 60 70…
A: The graph shows that the demand curve is horizontal. So the market is perfectly competitive. Firms…
Q: Consider the estimated equation from Example 4.3, which can be used to study the effects of skipping…
A: The term "approximation" is used to refer to the process of describing a measurement that approaches…
Q: Consider the loanable funds model we analyzed in class. If there is an expected increase in future…
A: The loanable assets model is a model that uses organic market to delineate how a financing still up…
Q: The branch of economics that assesses how efficienty and equitably an economy allocates its scarce…
A: The overall scarcity of the resources arises only and when the certain given resources or means to…
Q: What is laissez-faire theory and is it applicable to the economy? Why and why not?
A: Laissez Faire theory is free form of economy where the government intervention is absent in the…
Q: Aggregate demand function was Y=3300-3P last year, current year it looks like Y=3390-3P. SRAS curve…
A: The aggregate demand function for last year is Y=3300-3P and for the current year, it looks like…
Q: Suppose a person receives a 9% increase in pay when inflation is 8%. In this case, the nominal…
A: Answer: Given, Increase in pay = 9% Inflation = 8% An increase in pay is a nominal increase. Thus…
Q: b. Illustrate all effects that causes a discount loan of $100 made by FED to the First National…
A: Federal Reserve The Federal Reserve is the Central bank of the United States of America, which is…
Q: Deficit Vs. Debt
A: In economics, debt and deficit both terms are used as monetary aggregates because these are the…
Q: With respect to group formation, what does uncertainty avoidance help to provide for individuals…
A: Uncertainty avoidance refers to individuals in a country preferring controlled settings to…
Q: Use the Solow model below to answer the question. Y3 Y₂ K₁ K₂ K3 Y = Af (K,H) dk SY K
A: *Hi there , as you have posted multiple question we will only solve the first one following our…
Q: Consider an economy consisting of some firms with flexible prices and some with rigid prices. Let på…
A: The substitution impact refers to the change in demand for a good as a consequence of a change in…
Q: Question 14 Mike's Mechanic Shop increased its total monthly revenue from $6,500 to $7,200 when it…
A: 14. Given, TR1= $6500 TR2= $7200 P1= $65 P2= $50
Q: The main factor that separates wealthy from poor countries is A.) Differences in productivity…
A: The gap between the rich and poor is widening rapidly.
Q: Suppose the current annual interest rate on a one-year government bond is 8% and the expected annual…
A: Yearly rate (APR) alludes to the yearly premium created by a total that is charged to borrowers or…
Q: an economic benefit of a CA deficit is that a CA deficit Ocreates future income payment inflows from…
A: A current account deficit implies the worth of imports of products/services/investment wages is more…
Q: Explain why a market economy may or may not be an ideal solution for a healthcare system?…
A: Health economics is the study of health care providers, hospitals and clinics, managed care, and…
Q: If you look at almost any national news outlet, you will see that many of the articles involve…
A: Globalization: It refers to the increase in the level of exchange between the economies.…
Q: If the central bank sells government securities from the private sector-money markets, other things…
A: When the central bank sells government securities from the private sector money market than it…
Q: = Country A produces GDP according to the following equation: GDP 5K. The country has a depreciation…
A:
Q: What is the role of the Central Bank? How does central bank regulate monetary policy?
A: The central bank is the apex institution that manages monetary policy in the economy.
Q: The colluding oligopoly will face market demand and produce up until the point at which O price and…
A: When oligopoly enterprises collaborate and behave as one company, this is called collusion. In order…
Q: Question 13 Which of the following is true for a perfectly competitive firm that maximizes profit?…
A: A perfectly competitive firm is the one that competes with many sellers of the homogenous good due…
Q: Two essential institutional protections for economic growth and development are A.) money and…
A:
Q: 4. The Laffer curve Government-imposed taxes cause reductions in the activity that is being taxed,…
A: In economics, the Laffer curve outlines a hypothetical connection between paces of taxation and the…
Q: What is fiscal policy and why it’s important?
A: Fiscal policy is used to control the affects of business cycles in the economy. In times of…
Q: Discuss methods to overcome inflation in India
A: Inflation is viewed as a perplexing circumstance for an economy. Inflation that surpasses a moderate…
Q: Explain how the market demand curve for a ‘normal’ good will shift (i.e. left, right or no shift) in…
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
Q: A monopolistically competitive firm maximizes profit in the short run by producing where Oprice is…
A: Under a monopolistic market, there are many buyers and sellers in the market. The good being sold is…
Q: In the Solow model, if y-f(k)-Ak05. A-5, s-0.2, n-0, and d-0.1. The capital stock changes according…
A: Equilibrium is achieved where investment equals breakeven investment.
Q: 6. Why the aggregate supply curve slopes upward in the short run In the short run, the quantity of…
A: Introduction The reason behind the upward sloping of aggregate supply curve is sticky price. The…
Q: (b) An art museum is a good example of a public good that is best provided through government…
A: A product or service that is made available to all members of a community is referred to as a public…
Q: Figure 1 below shows the cross-country correlation between the development of the education system…
A: In the above diagram, there is an upward sloping curve which shows the highly positive correlation…
Q: A firm produces output according to the production function: Q=F(K.L) = 4K - 8L a. How much output…
A: A firm will minimise its cost at a point where marginal rate of technical substitution is equal to…
Q: Consider the aggregate demand function, D(EPF/PH, Y-T, I, G) = C(Y-T) +I+G+ CA(EPF/PH, Y-T). When…
A: When an economy is open to trade, net export is also included as the component of aggregate demand.
Q: Question: Which of the following rises during a contraction and falls during the expansion phase of…
A: A business cycle is a cycle of fluctuations in the Gross Domestic Product (GDP) around its long-term…
Robert bought a bike for PLN 1000, which he does not use.
A similar new bike currently costs PLN 1700, but when selling the old one, you can only get it for PLN 800.
What is the alternative cost of owning a bike?
a.900 PLN
b.800 PLN
Step by step
Solved in 3 steps
- The ore of a gold mine in the province contains, on average, 0.5 ounce of gold per ton. Method A ofprocessing costs 150Php/ton and recovers 93% of the gold, while Method B costs only 120Php/tonand recovers 81% of the gold. If gold can be sold at 1,200/ounce, which method is better and by howmuch?a. Method A, by 43Phpb. Method A, by 42Phpc. Method B, by 42Phpd. Method B, by 43PhpQ5) A firm is planning to manufacture a new product. The sales department estimates that the quantity that can be sold depends on the selling price. As the selling price is increased, the quantity that can be sold decreases. Numerically they estimate: P = $35.00 - 0.02Q where P =selling price per unit Q = quantity sold per year On the other hand, the management estimates that the average cost of manufacturing and selling the product will decrease as the quantity sold increases. They estimate C = $4.00Q + $8000 where C = cost to produce and sell Q per year The firm's management wishes to produce and sell the product at the rate that will maximize profit, that is, where income minus cost will be a maximum. What quantity should the decision makers plan to produce and sell each year?You're managing a project using the earned value management for cost management. The project planned value (PV) is $200,000. The project earned value (EV) is $100,000. The actual cost (AC) is $150,000. What is the cost variance (CV) for the project? a. -50,000 b. 100,000 c. -100,000 d. 150,000
- A decision has been made to perform certain repairs on the outlet works of a small dam. For a particular 36-inch gate valve, there are three available alternatives: A. Leave the valve as it is. B. Repair the valve. C. Replace the valve. If the valve is left as it is, the probability of a failure of the valve seats, over the life of the project, is 60%; the probability of failure of the valve stem is 50%; and of failure of the valve body is 40%. If the valve is repaired, the probability of a failure of the seats, over the life of the project, is 40%; of failure of the stem is 30%; and of failure of the body is 20%. If the valve is replaced, the probability of a failure of the seats, over the life of the project, is 30%; of failure of the stem is 20%; and of failure of the body is 10%. The present worth of cost of future repairs and service disruption of a failure of the seats is $10,000; the present worth of cost of a failure of the stem is $20,000; the present worth of cost of a…Question 7 (Breakeven Analysis) You decided to sell Only coffee using Nespresso machine during Ramadan The Nespresso Machine Cost is 3,000 SAR Every cup of coffee required one brown sugar that cost 0.5 SAR, one disposable cup costs 1.5 SAR, and one coffee capsule costs 3 SAR If you sell one coffee for 10 SAR Option 1 Option 2 No Employee Sales quantity = 1500 per month Selling Price 10 SAR per coffee One more Employee and his salary is 4000 Expected sales quantity = 2500 per month Selling Price 10 SAR per coffee What is the breakeven quantity? What is the breakeven quantity? What is the profit? What is the profit? Which option is better?Answer all parts please Go Green is a business selling worm farm start-up kit for $12 each. This year, Go Green's fixed cost totals $110,000. The variable cost per kit is $7. a. What is the break-even point in number of kits? b. How many kits does Go Green needs to sell to earn a profit of $70,000? c. If the total fixed cost increases to $160,000 next year: i. What will Go Green's break-even point be in number of kits? ii. What profit (or loss) will Go Green have if it sells 30,000 kits? iii. How many kits will Go Green have to sell to earn a profit of $70,000?
- You are trying to pick the least expensive car for your new delivery service. You have two choices: the Scion XA, which will cost $13000 to purchase and which will have a OCF of -$1,200 annually throughout the vehicle's expected life of three years as a delivery vehicle; and the Toyota Prius, which will cost $23,000 to purchase and which have a OCT of -$500 annually throughout the vehicle's expected 5-years life. Both cars will be worthless at the end of thier life. If you intend to replace whichever type of car you choose with the same thing when its life runs out, again and again out into foreseeable future, and if your business has a cost of capital of 12 percent, what is the difference in the EAC of the two cars?No ai plsThe monthly demand for ice cream cans being manufactured by Mr. Rivera is 3,200 pcs.With a manually operated guillotine the unit cutting cost is Php 50.00. An electricallyoperated hydraulic guillotine was offered to him at a price of Php 300,000 and whichreduced by 30% the unit cutting cost. Disregarding the cost of money, how manymonths will Mr. Rivera be able to recover the cost of the machine if he decides to buynow? Engineering Economics
- 22. An architect produces a certain construction material at a labor cost of P 16.20 per piece, material cost of P 38.50 per piece and variable cost of P 7.40 per piece. The fixed charges on the business is P 100,000.00 a month. If he sells the finished product at P 95.00 each, how many pieces must be manufactured in each month to break even?Holloman Hops has budgeted $300,000 per year to pay for labor over the next 5 years. If the company expects the cost of labor to increase by $10,000 each year, and the interest rate is 10%, what is the expected cost of the labor in the first year?AN EXECUTIVE RECEIVES AN ANNUAL SALARY OF P600,000 AND HIS SECRETARY A SALARY OD 180,000.A CERTAIN TASK CAN BE PERFORMED BY THE EXECUTIVE WORKING ALONE IN FOUR HOURS. IF HE DLEGATES THE TASK TO HIS SECRETARY WILL REQUIRE HIM 30 MINS TO EXPLAIN THE WORK AND ANOTHER 45MINS TO CHECK THE WORK. DUE TO THE UNFAMILIARITY OF THE SECRETARY TO DO TASK, IT TAKES HER AN ADDITIONAL TIME OF 6HOURS AFTER BEING INSTRUCTED. CONSIDERING SALARY COST ONLY, DETERMINE THE COST OF PERFORMING THE TASK BY EACH METHOD, IF THE SECRETARY WORKS 2400HOURS A YEAR AND THE EXECUTIVE 3000 HOURS A YEAR. COST OF PERFORMING THE TASK: SECRETARY WORKING WITH EXECUTIVE
